Cost-benefit analysis of a Tata Nexon EV with a Nexon petrol
But at the end of the day, it just does not make any economical sense for me to buy the EV right now. It only makes sense for heavy users (>10,000 km per year – which is definitely not me).
BHPian nadigar recently shared this with other enthusiasts.
I did a cost-benefit analysis of Nexon EV by comparing the Low-end model of Nexon EV Vs Nexon (P) XZ (which I have currently booked). Attached is my detailed calculation excel sheet.
Surprisingly, apart from the environmental benefits and better-refined car than the petrol version, it is way off from break-even with low-moderate running km per year. I have gone through a few calculations in this forum as a reference. One thing which people ignored is the high cost of insurance for EV vehicles.
My intention is not to discourage existing owners or prospective buyers of EV. It could be the comparison of apples to oranges (i.e. not taking XZA+ (P) vs XZ+(EV)) to some people. But at the end of the day, it just does not make any economical sense for me to buy the EV right now. It only makes sense for heavy users (>10,000 km per year – which is definitely not me). Kindly help me refine if I made any key mistakes.
Hope such a calculation helps future users as a good reference.
Check out BHPian comments for more insights and information.
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